KOTAK MAHINDRA BANK
Kotak Mahindra Bank Ltd is scouting for potential acquisition targets, including banks, non-banking finance companies, brokerages and as- set management firms, vice- chairman and managing direc- tor Uday Kotak, 51, said in an exclusive interview on Satur- day.
The bank plans to double its branch network to 500 by December 2012, besides looking for inorganic growth opportu- nities. Kotak Mahindra isn't scared of the prospect of more intense competition as the regulator prepares to allow new banks to enter the industry, Kotak said. “We believe that as long as competition is fit and proper and plays by the rules of the game, we would like to see a fair opening for the sec- tor,“ he said.
The bank is just seven years old, but the organization that started as a bill discounting and leasing firm turned 25 this year.
In the interview, Kotak said the promoters' stake in the bank will come down to
around 49% in “due course“.
Edited excerpts: You head a commercial bank, but the financial world sees you as an investment banker--one of the three famous Ks--the other two being (Hemendra) Kothari and (Nimesh) Kampani.
Investment banking is a business where the perception is larger than reality, but the way we look at ourselves today is (as) an integrated financial institution. Commercial bank- ing, securities, investment banking, life insurance and as- set management constitute a holistic financial institution.
When we started in 1985, we were just three people. Today, we have 20,000 people. We started with a capital of Rs30 lakh. Today, our market capi- talization is Rs26,000 crore. We started with bill discounting and then went into car financ- ing. In 1991-92, we went for in- vestment banking. Along the way, we built a brokerage firm, a mutual fund in 1998, a life in- surance company in 2001 and a commercial bank in 2003.
Is there any missing link in your scheme of things?
We want to stick to financial sector broadly and most of it has been covered. We don't in- tend to get into general insur- ance because we don't think it's completely aligned to core financial services. The other area that has interested us is market infrastructure. We have recently been given a stake in a multi-commodity exchange.
Will you start a stock exchange?
No. We are getting into a commodity exchange as an an- chor investor. We've got an in- principle approval to be an an- chor investor in the Ahmeda- bad Commodity Exchange. To start with, the bank and its subsidiaries will have 49% stake and the group 51%. We'll have to bring it down to 40% in one year and 26% in five years.
At this stage we don't have any plan beyond this.
The promoters hold 51% stake in Kotak Mahindra Bank. Won't you need to bring it down?
We have about 48% stake--myself and my family. In addition to us, Anand Mahi- ndra, who is no longer a pro- moter, owns a little over 3%. So currently it's about 51%. We think over time, between us as promoters and Anand Mahin- dra, who was a promoter when we became a bank, (we) will look at ways to bring it down to about 49%.
So you would not need to bring it down to 10%?
It's a very interesting sub- ject. First of all, the licensing conditions say promoters can have 49% (stake).
It's a very important debate that you have flagged off. One of the challenges that the world has seen is that a very diversified ownership has giv- en perverse results. The CEO in that situation gets dispro- portionate power without enough skin in the game. Does this work? The world is debat- ing on this.
Another very interesting thing in the Indian context is: whenever Indian financial in- stitutions tried to diversify ownership, they ended up be- coming foreign companies.
What do we want? If we look at the current FIPB (Foreign In- vestment Promotion Board) norms, they basically make some of my peers foreign com- panies. Is that a direction where we want to take our fi- nancial sector?
Is it right to interpret that you are not bound by the Reserve Bank of India's (RBI) ownership norms in 2004 that stipulate promoters should have a 10% stake? Your lic ensing norms that cap promoters' stake at 49% were issued in 2002.
You must look at February 2004 ownership norms careful- ly. They provide for ownership higher than 10% and even higher than 30%. So, there are norms within the 2004 guide- lines that permit higher own- ership.
RBI is set to give licences to new banks. Are you drawing strategy to face competition that will inten sify? Should business houses be allowed to set up banks?
We as a bank are working to- wards reaching a 500-branch network by December 2012.
When we started the bank in 2003, where were some of my larger competitors of today? They had a branch network of around 250. With that base, they moved up so fast. We are not necessarily scared of com- petition. We believe that as long as competition is fit and proper and plays by the rules of the game, we would like to see a fair opening for the sec- tor.
So you favour corporations setting up banks? What about a larger role for foreign banks?
On the debate whether big business houses--I am not us- ing the word industrial hous- es--should be allowed entry or not, I want to bring in two points. One, the banking busi- ness is a business of trust and credibility. What needs to be ensured is (that there is) no conflict of interests. The regu- lators and the policymakers will have a view on this. The is- sue is if my business interest is larger than my interest in a bank, how will I manage conflicts? Even the US struggled with this. General Electric (Co.) and Wal-Mart (Stores Inc. ) wanted to be banks for a long time and the US has not allowed that so far.
You want to double the branch network. Any plan for inorganic growth?
The plan to double the branch network is through or- ganic growth. But we are look- ing for inorganic growth across a range of sectors. If there is an appropriate opportunity, we are looking for inorganic growth in banking, non-bank- ing finance companies, bro- kerage and asset management.
How soon?
At this stage, there is no deal to be cooked. Having said that, we are sniffing at a lot of op- portunities. We are also very value-focused. It's not easy for us to go for a deal that sounds irrational.
Your life insurance business is profitable. Any plan for an initial public offering (IPO)?
There is no plan for taking the life insurance company to the market. We believe in the concept of a one-firm cul- ture--an integrated financial institution--and we are not in a hurry to spin off the subsidi- aries into separate companies.
Besides, we don't need capital.
The insurance company has significant buffer on solvency margin and the parent bank has a 19.5% capital adequacy ratio. There is no need to raise capital.
You want to keep the retail busi ness at about onethird of the total loan book because retail gives you better margin. This is when most other banks make losses in the re tail business.
The retail business can make money. There are two parts to retail--secured loans and un- secured loans. The place where a lot of banks have pres- sure is in the unsecured part.
The secured part of retail is ac- tually a good, sustainable busi- ness. If you manage the risk well, on longer term, the unse- cured part can be a good busi- ness too.
You are known for making shrewd investment decisions and booking huge capital gains.
When we look at invest- ments, we look at them in two categories--core or strategic investments which we do in fi- nancial services, and the other is financial or non-strategic in- vestment. We build the core strategic piece; put in more money and look for acquisi- tions and not divestments.
Where does your media business figure?
It's a pure investment and that's it.
There were quite a few takers for `Business Standard' (newspaper owned by Kotak and his family) in the past, but you didn't sell it.
Why?
It's a very small investment we have and it has been an in- vestment for a long time. We just felt that it was a good in- vestment.
You know, I just look at it as an investment and I am (a) purist on that. India needs free media.
So you'll not sell off? It is owned by my family.
The family will have to take the call. They believe that there is a need for independent media and I think that as a democra- cy--you come from the same stable--free media is good for the country. That's how they think about this investment.
It's their call.
You're closely associated with the government's divestment process.
Why do public sector companies fail to attract retail investors? Is it a failure of marketing the issues or pricing?
There are IPOs and FPOs (follow-on public offers).
We've a very volatile market place, thanks to the Lehmans and Greeces of the world. The issuer has to decide the FPO price a few days before the is- sue opens. After the issue clos- es, retail investors are locked for 15 days before the stock is allotted. He can always buy or sell the stock in the secondary market during this time.
As far as IPOs are con- cerned, again the volatility in the market place is enormous.
Sebi's (Securities and Ex- change Board of India) move to shorten this period is very critical. Our issuance system needs to get more realistic to live markets. The levels of vol- atility and gyrations in the market would normally make average retail investors cau- tious. In fact, retail participa- tion in the market--both pri- mary and secondary--in re- cent times has been lower.
Your take on the Greece effect on Indian markets?
On technical implications, there could be volatility in (capital) flows which may im- pact the market in the short run. On the fundamental basis, there will be some impact on our GDP (gross domestic prod- uct) because of slowdown in trade between India and Eu- rope. There is a price we may pay for that. My sense is we may probably have to give up about 0.5-0.75% of our GDP.
That brings my GDP estimate for fiscal 2011 to 7.5-8%.
What about stock market?
If the investors can live through volatilities--the Sensex can be in the range of 15,000-15,500 on the lower and 17,000-17,500 on the higher side--in the short run and buy stocks in this range they can over time expect around 15% return over next three years.
source;live mint
Monday, May 17, 2010
LIFE INSURANCE - Put Ulips on hold, but be wary of low-return traditional plans
BY DEEPTI BHASKARAN
With unit-linked insurance plans (Ulips) stuck in the crossfire between the capital market regulator and the insurance regulator, it may take some time before your agent pushes another Ulip to you. Insurers are mum about any new launches in the Ulip space, but some have gone back to new variants of traditional products (insurance-cum-investment policies that invest mostly in debt products and are not as transparent as Ulips).
However, despite the tweaks, the two new traditional plans launched recently are still marred by the problems of returns and transparency.
Birla Sun Life Bachat Endowment Plan This is an endowment plan that offers to return your pre- mium on maturity along with two kinds of freebie additions.
One is called the Bachat Ad- dition Rate, which is declared every year. You get additions equal to the Bachat Rate multi- plied by the premiums collect- ed so far. The rate varies ac- cording to the premium you choose. For instance, the rate for this fiscal year declared for a monthly premium of Rs5,000 is 5.50%. So, 5.50% multiplied by 60,000 (annual premium), or Rs3,300, gets added and is guaranteed on maturity. These additions work on the princi- ple of simple interest as they get added only on the premi- ums paid and not on the accu- mulated value (premium + Ba- chat additions in earlier years).
The second is a loyalty addi- tion that increases as you spend more years in the policy.
These additions happen on top of the Bachat additions.
The policy comes for a single tenure of 20 years and you need to stay invested for at least 10 years to enjoy any additional benefits. Assuming a Bachat Rate of 5.50% for an annual pre- mium of Rs60,000, the policy returns 6.53%. Compared with a fixed deposit, a 6.53% return may not be that bad, but re- member that 5.50% is not the guaranteed rate. Your final re- turns would depend on the rate the policy declares every year.
Insurance: But this plan falls short in catering to your insur- ance needs. Depending on your age, you can take a fixed cover up to 180 times the monthly premium. So, while a 30-year-old will get Rs9 lakh as sum assured on a monthly pre- mium of Rs5,000 (annual pre- mium of Rs60,000) a 45-year- old will get a sum assured of only Rs6 lakh for the same pre- mium amount. On death, the sum assured or the premiums paid till then, whichever is higher, is paid to the nominee.
Compare this with a term plan, which will give you the same cover for a fraction of this premium: A 35-year-old will get a Rs9 lakh cover for just Rs3,167 over a term of 20 years. Invest the difference in, say, an 8% Public Provident Fund (PPF), a guaranteed debt product, and you would be able to better the return by one percentage point. DLF Pramerica Dhan Suraksha This is a money-back plan, which fails terribly on both in- vestment and insurance. You buy this policy with a sum as- sured in mind. Depending on the sum assured you choose, the policy will ask you to pay a premium. At the end of every five years, the policy will pay you 15% of the sum assured as money-back. On maturity, you will get the balance sum as- sured along with a guaranteed addition of Rs100 per Rs1,000 of the sum assured. This gets added to the sum assured and bumps it up every year. How- ever, the 15% money-back is calculated on the basic sum assured.
For a 35-year-old looking for a sum assured of Rs10 lakh for 20 years, the premium to be paid would come to Rs1.11 lakh. Compare this with a term plan, where you will have to pay around Rs3,465 to cover a 35-year-old for the same amount and for the same dura- tion. Even though the sum assured increases by about Rs1 lakh every year, the premium that you pay is way out of line.
Skip to investment and it lacks there too. If you take the above example, you would get Rs1.5 lakh after every five years and on maturity, Rs25.5 lakh.
This means your money would have grown only at 3.22% over 20 years.
Assuming inflation to be at 6%, you lose the value of your money by about 3% every year.
Now, compare this with a term plan combined with a PPF and the results are stark. If you bought a term plan and invested the difference in PPF, you make 7.75% on your investment.
The plans are pitched as sav- ings products that enable you to stash away money for future use. But given the fact that the returns don't even beat the in- flation number, what you will get 20 years from now will not be able to purchase you what it can now. You are better off in- vesting in a debt product, such as PPF, while covering yourself with a term plan.
source livemint
BY DEEPTI BHASKARAN
With unit-linked insurance plans (Ulips) stuck in the crossfire between the capital market regulator and the insurance regulator, it may take some time before your agent pushes another Ulip to you. Insurers are mum about any new launches in the Ulip space, but some have gone back to new variants of traditional products (insurance-cum-investment policies that invest mostly in debt products and are not as transparent as Ulips).
However, despite the tweaks, the two new traditional plans launched recently are still marred by the problems of returns and transparency.
Birla Sun Life Bachat Endowment Plan This is an endowment plan that offers to return your pre- mium on maturity along with two kinds of freebie additions.
One is called the Bachat Ad- dition Rate, which is declared every year. You get additions equal to the Bachat Rate multi- plied by the premiums collect- ed so far. The rate varies ac- cording to the premium you choose. For instance, the rate for this fiscal year declared for a monthly premium of Rs5,000 is 5.50%. So, 5.50% multiplied by 60,000 (annual premium), or Rs3,300, gets added and is guaranteed on maturity. These additions work on the princi- ple of simple interest as they get added only on the premi- ums paid and not on the accu- mulated value (premium + Ba- chat additions in earlier years).
The second is a loyalty addi- tion that increases as you spend more years in the policy.
These additions happen on top of the Bachat additions.
The policy comes for a single tenure of 20 years and you need to stay invested for at least 10 years to enjoy any additional benefits. Assuming a Bachat Rate of 5.50% for an annual pre- mium of Rs60,000, the policy returns 6.53%. Compared with a fixed deposit, a 6.53% return may not be that bad, but re- member that 5.50% is not the guaranteed rate. Your final re- turns would depend on the rate the policy declares every year.
Insurance: But this plan falls short in catering to your insur- ance needs. Depending on your age, you can take a fixed cover up to 180 times the monthly premium. So, while a 30-year-old will get Rs9 lakh as sum assured on a monthly pre- mium of Rs5,000 (annual pre- mium of Rs60,000) a 45-year- old will get a sum assured of only Rs6 lakh for the same pre- mium amount. On death, the sum assured or the premiums paid till then, whichever is higher, is paid to the nominee.
Compare this with a term plan, which will give you the same cover for a fraction of this premium: A 35-year-old will get a Rs9 lakh cover for just Rs3,167 over a term of 20 years. Invest the difference in, say, an 8% Public Provident Fund (PPF), a guaranteed debt product, and you would be able to better the return by one percentage point. DLF Pramerica Dhan Suraksha This is a money-back plan, which fails terribly on both in- vestment and insurance. You buy this policy with a sum as- sured in mind. Depending on the sum assured you choose, the policy will ask you to pay a premium. At the end of every five years, the policy will pay you 15% of the sum assured as money-back. On maturity, you will get the balance sum as- sured along with a guaranteed addition of Rs100 per Rs1,000 of the sum assured. This gets added to the sum assured and bumps it up every year. How- ever, the 15% money-back is calculated on the basic sum assured.
For a 35-year-old looking for a sum assured of Rs10 lakh for 20 years, the premium to be paid would come to Rs1.11 lakh. Compare this with a term plan, where you will have to pay around Rs3,465 to cover a 35-year-old for the same amount and for the same dura- tion. Even though the sum assured increases by about Rs1 lakh every year, the premium that you pay is way out of line.
Skip to investment and it lacks there too. If you take the above example, you would get Rs1.5 lakh after every five years and on maturity, Rs25.5 lakh.
This means your money would have grown only at 3.22% over 20 years.
Assuming inflation to be at 6%, you lose the value of your money by about 3% every year.
Now, compare this with a term plan combined with a PPF and the results are stark. If you bought a term plan and invested the difference in PPF, you make 7.75% on your investment.
The plans are pitched as sav- ings products that enable you to stash away money for future use. But given the fact that the returns don't even beat the in- flation number, what you will get 20 years from now will not be able to purchase you what it can now. You are better off in- vesting in a debt product, such as PPF, while covering yourself with a term plan.
source livemint
Paramilitary forces deployed in NH31A to keep Sikkim's lifeline open
Darjeeling/Siliguri, May 16 : Two companies of para-military forces were deployed in National Highway 31A, the lifeline of Sikkim, in view of the Gorkha Janmukti Morcha-sponsored 48-hour bandh that entered the second day today demanding a separate Gorkha state.
''Two companies of para-military forces have been deployed in NH 31A near Bangla-Sikkim border,'' said Additional Superintendent of Police, Kalingpong, J Dorjee.
Few vehicles traversed through NH 31A though no untoward incident has been reported so far, she added.
The deployment of para-military forces came in the wake of a standing Supreme Court order to keep the highway safe and free from all disturbances.
Plucking of tea leaves was also hampered in different gardens owing to bandh. However, some of the tea estates continued their operation on a regular basis.
The GJM leadership, however, claimed the bandh was complete, peaceful and spontaneous.
The GJM leadership claimed it to be a prelude for a bigger type of agitation for the creation of statehood for the Gorkhas in the hills, Dooars and Terai of the Darjeeling district.
The GJM had called a ten-day strike from June 12 for the same demand.
--UNI
Darjeeling/Siliguri, May 16 : Two companies of para-military forces were deployed in National Highway 31A, the lifeline of Sikkim, in view of the Gorkha Janmukti Morcha-sponsored 48-hour bandh that entered the second day today demanding a separate Gorkha state.
''Two companies of para-military forces have been deployed in NH 31A near Bangla-Sikkim border,'' said Additional Superintendent of Police, Kalingpong, J Dorjee.
Few vehicles traversed through NH 31A though no untoward incident has been reported so far, she added.
The deployment of para-military forces came in the wake of a standing Supreme Court order to keep the highway safe and free from all disturbances.
Plucking of tea leaves was also hampered in different gardens owing to bandh. However, some of the tea estates continued their operation on a regular basis.
The GJM leadership, however, claimed the bandh was complete, peaceful and spontaneous.
The GJM leadership claimed it to be a prelude for a bigger type of agitation for the creation of statehood for the Gorkhas in the hills, Dooars and Terai of the Darjeeling district.
The GJM had called a ten-day strike from June 12 for the same demand.
--UNI
Sunday, May 16, 2010
SALT
Salt: Vital Functions of Natural Unrefined Sea Salt (NUSS) / Rock Salt (Sindhav Namak) in the Body
Although it is generally advised to have zero salt or low salt diet, salt is essential for many of the vital functions of the body. Excessive salt in diet is no doubt harmful for health, but no salt or very low salt diet is also equally harmful. There should be regulated use of salt according to one’s health and lifestyle. Refined salt is a harmful chemical and therefore should be avoided. Although several varieties and brands of salts are available in the market, one should use only natural unrefined sea salt or rock salt and no other variety.
1) Salt is most effective in stabilizing irregular heartbeats and, Contrary to the misconception that it causes high blood pressure, it is actually essential for the regulation of blood pressure - in conjunction with water. Naturally the proportions are critical.
2) Salt is vital to the extraction of excess acidity from the cells in the body, particularly the brain cells.
3) Salt is vital for balancing the sugar levels in the blood, a needed element in diabetics.
4) Salt is vital for the generation of hydroelectric energy in cells in the body. It is used for local power generation at the sites of energy need by the cells.
5) Salt is vital to the nerve cells' communication and information processing all the time that the brain cells work, from the moment of conception to death.
6) Salt is vital for absorption of food particles through the intestinal tract.
7) Salt is vital for the clearance of the lungs of mucus plugs and sticky phlegm, particularly in asthma and cystic fibrosis.
8) Salt is vital for clearing up catarrh and congestion of the sinuses.
9) Salt is essential for the prevention of muscle cramps.
10) Salt is vital to prevent excess saliva production to the point that it flows out of the mouth during sleep. Needing to constantly mop up excess saliva indicates salt shortage.
11) Salt is absolutely vital to making the structure of bones firm. Osteoporosis, in a major way, is a result of salt and water shortage in the body.
12) Salt is vital for sleep regulation. It is a natural hypnotic.
13) Salt is a vitally needed element in the treatment of diabetics.
14) Salt on the tongue will stop persistent dry coughs.
15) Salt is vital for the prevention of gout and gouty arthritis.
16) Salt is vital for maintaining sexuality and libido.
17) Salt is vital for preventing varicose veins and spider veins on the legs and thighs.
18) Salt is vital to the communication and information processing nerve cells the entire time that the brain cells work - from the moment of conception to death.
19) Salt is vital for reducing a double chin. When the body is short of salt, it means the body really is short of water. The salivary glands sense the salt shortage and are obliged to produce more saliva to lubricate the act of chewing and swallowing and also to supply the stomach with water that it needs for breaking down foods. Circulation to the salivary glands increases and the blood vessels become "leaky" in order to supply the glands with water to manufacture saliva. The "leakiness" spills beyond the area of the glands themselves, causing increased bulk under the skin of the chin, the cheeks and into the neck.
20) Sea salt contains about 80 mineral elements that the body needs. Some of these elements are needed in trace amounts. Natural unrefined sea salt is a better choice of salt than other types of salt on the market. Ordinary table salt that is bought in the super markets has been stripped of its companion elements and contains additive elements such as aluminum silicate to keep it dry and easily pourable. Aluminum is a very toxic element in our nervous system.
21) Twenty-seven percent of the body's salt is in the bones. Osteoporosis results when the body needs more salt and takes it from the bones. Bones are twenty-two percent water. It is obvious what happens to the bones when we're deficient in salt or water or both.
In the theory of acid and alkaline balance, chronic disease such as cancer is caused by the acidification of the blood, lymph and all cellular tissues. Natural unrefined sea salt is one of the basic elements necessary to correct this problem.
Natural unrefined sea salt is slightly gray with minerals and feels damp or clumps in humidity. It contains 92 essential minerals and most of refined adulterated sea salts contain only 2 elements (Na and Cl). Biologically, 24 of these elements in real sea salt have already been proven necessary and essential to maintain and recover health. The salinity of the water outside the cells in our bodies is the same as the ocean. See Scientific American, July 1972: "The Chemical Elements of Life," by Earl Friden.
People who eat Refined salt develop craving for salt, because, salt that they eat is not satisfying their needs. Than they use more and more salt, in the desperate try to get what they need. Taking big amounts of refined salt (chemical) burden kidneys and adrenal glands that are very important for calcium utilization. Modern physiology has demonstrated that an excess of salt interferes with the absorption of nutrients and depletes calcium, while if used in moderate doses, salt enhances calcium absorption and nutrient utilization in general.
It is known that absorption of calcium depends on the health of the kidney-adrenal function and that calcium metabolism is of essential importance for the health of the nerves, muscles, heart, vascular system, and bones. Simply, the whole body is dependent on Calcium uptake.
BY SWAMI AVDHUTANANDA
Although it is generally advised to have zero salt or low salt diet, salt is essential for many of the vital functions of the body. Excessive salt in diet is no doubt harmful for health, but no salt or very low salt diet is also equally harmful. There should be regulated use of salt according to one’s health and lifestyle. Refined salt is a harmful chemical and therefore should be avoided. Although several varieties and brands of salts are available in the market, one should use only natural unrefined sea salt or rock salt and no other variety.
1) Salt is most effective in stabilizing irregular heartbeats and, Contrary to the misconception that it causes high blood pressure, it is actually essential for the regulation of blood pressure - in conjunction with water. Naturally the proportions are critical.
2) Salt is vital to the extraction of excess acidity from the cells in the body, particularly the brain cells.
3) Salt is vital for balancing the sugar levels in the blood, a needed element in diabetics.
4) Salt is vital for the generation of hydroelectric energy in cells in the body. It is used for local power generation at the sites of energy need by the cells.
5) Salt is vital to the nerve cells' communication and information processing all the time that the brain cells work, from the moment of conception to death.
6) Salt is vital for absorption of food particles through the intestinal tract.
7) Salt is vital for the clearance of the lungs of mucus plugs and sticky phlegm, particularly in asthma and cystic fibrosis.
8) Salt is vital for clearing up catarrh and congestion of the sinuses.
9) Salt is essential for the prevention of muscle cramps.
10) Salt is vital to prevent excess saliva production to the point that it flows out of the mouth during sleep. Needing to constantly mop up excess saliva indicates salt shortage.
11) Salt is absolutely vital to making the structure of bones firm. Osteoporosis, in a major way, is a result of salt and water shortage in the body.
12) Salt is vital for sleep regulation. It is a natural hypnotic.
13) Salt is a vitally needed element in the treatment of diabetics.
14) Salt on the tongue will stop persistent dry coughs.
15) Salt is vital for the prevention of gout and gouty arthritis.
16) Salt is vital for maintaining sexuality and libido.
17) Salt is vital for preventing varicose veins and spider veins on the legs and thighs.
18) Salt is vital to the communication and information processing nerve cells the entire time that the brain cells work - from the moment of conception to death.
19) Salt is vital for reducing a double chin. When the body is short of salt, it means the body really is short of water. The salivary glands sense the salt shortage and are obliged to produce more saliva to lubricate the act of chewing and swallowing and also to supply the stomach with water that it needs for breaking down foods. Circulation to the salivary glands increases and the blood vessels become "leaky" in order to supply the glands with water to manufacture saliva. The "leakiness" spills beyond the area of the glands themselves, causing increased bulk under the skin of the chin, the cheeks and into the neck.
20) Sea salt contains about 80 mineral elements that the body needs. Some of these elements are needed in trace amounts. Natural unrefined sea salt is a better choice of salt than other types of salt on the market. Ordinary table salt that is bought in the super markets has been stripped of its companion elements and contains additive elements such as aluminum silicate to keep it dry and easily pourable. Aluminum is a very toxic element in our nervous system.
21) Twenty-seven percent of the body's salt is in the bones. Osteoporosis results when the body needs more salt and takes it from the bones. Bones are twenty-two percent water. It is obvious what happens to the bones when we're deficient in salt or water or both.
In the theory of acid and alkaline balance, chronic disease such as cancer is caused by the acidification of the blood, lymph and all cellular tissues. Natural unrefined sea salt is one of the basic elements necessary to correct this problem.
Natural unrefined sea salt is slightly gray with minerals and feels damp or clumps in humidity. It contains 92 essential minerals and most of refined adulterated sea salts contain only 2 elements (Na and Cl). Biologically, 24 of these elements in real sea salt have already been proven necessary and essential to maintain and recover health. The salinity of the water outside the cells in our bodies is the same as the ocean. See Scientific American, July 1972: "The Chemical Elements of Life," by Earl Friden.
People who eat Refined salt develop craving for salt, because, salt that they eat is not satisfying their needs. Than they use more and more salt, in the desperate try to get what they need. Taking big amounts of refined salt (chemical) burden kidneys and adrenal glands that are very important for calcium utilization. Modern physiology has demonstrated that an excess of salt interferes with the absorption of nutrients and depletes calcium, while if used in moderate doses, salt enhances calcium absorption and nutrient utilization in general.
It is known that absorption of calcium depends on the health of the kidney-adrenal function and that calcium metabolism is of essential importance for the health of the nerves, muscles, heart, vascular system, and bones. Simply, the whole body is dependent on Calcium uptake.
BY SWAMI AVDHUTANANDA
India, too, has a dangerously high level of Government spending
leading to a dangerously high fiscal deficit. However, we have some antacids to ease some of the pain. One is the (overdue) introduction of the GST, or goods and services tax. This is expected to boost GDP by 1%.
Another is the clarity, after the Supreme Court verdict on the Ambani dispute, about gas pricing and allotment which, hopefully, will spur its speedier exploitation. Some argue that giving Government, and not markets, the power to price and distribute would discourage exploitation. The point is that until there is enough supply of gas, and enough of a delivery infrastructure to distribute it, there would not be a free market. Until such time as this develops, the Government would have to be arbiter. Exploitation of natural gas can lead to a further 2% GDP growth, and enormous savings in things like fertiliser subsidy and LPG subsidy.
Then there is the first phase of the UID project, which ought to be rolled out in H2 of 2010. By better targeting subsidy payments, it would help prevent leakage. Most of the subsidy goes to the corrupt middleman rather than the poor farmer.
The recent auction of 3G spectrum would add some Rs 55,000 crores to the Government kitty. On top of that, TRAI is tweaking rules for 2G spectrum, wanting an additional fee for those having more than 6.2 MHz, and seeking to cap spectrum with any one operator at 8 MHz. This is highly contentious. The Government would, if this is cleared, get another Rs 35,000 crores. TRAI has also recommended sharing of spectrum but not its trading, which seems asinine. Spectrum is a scarce resource, and a key to the success of a telco. In order to cater to peak demand, telcos must, logically, have more spectrum than they need on average. When not needed, the excess spectrum can, and must, be traded. It is ludicrous to say it ought not to be! Allowing its trade would benefit consumers, as it would provide a revenue stream for telcos and would reduce the propensity to hoard it. Hence the proposal to ban trading, and to charge fees for 'excess' spectrum indicates that the Government wants to kill this golden goose, and puts its own interest to raise funds above the interest of consumers and of efficient operators.
In fact, the countries which have the most advanced wireless networks are those, such as Taiwan, which have given spectrum for free, in the interest of consumers and in the interest of driving economic growth through use of available technologies.
It is this kind of ill thought out quest for funds, by the Government, that should concern investors investing in India. This, and the senseless interference in management of their own companies. Witness the fact that BSNL and now, MTNL (it declared a quarterly loss of Rs 1574 crores) are the only two telcos which are bleeding. Similarly, Air India has organisational colitis and continues to bleed losses. The Government plans infusing Rs 1200 crores equity into it. Why? It should simply be sold to the highest bidder from the private sector, with freedom to downsize it.
by J Mulraj
leading to a dangerously high fiscal deficit. However, we have some antacids to ease some of the pain. One is the (overdue) introduction of the GST, or goods and services tax. This is expected to boost GDP by 1%.
Another is the clarity, after the Supreme Court verdict on the Ambani dispute, about gas pricing and allotment which, hopefully, will spur its speedier exploitation. Some argue that giving Government, and not markets, the power to price and distribute would discourage exploitation. The point is that until there is enough supply of gas, and enough of a delivery infrastructure to distribute it, there would not be a free market. Until such time as this develops, the Government would have to be arbiter. Exploitation of natural gas can lead to a further 2% GDP growth, and enormous savings in things like fertiliser subsidy and LPG subsidy.
Then there is the first phase of the UID project, which ought to be rolled out in H2 of 2010. By better targeting subsidy payments, it would help prevent leakage. Most of the subsidy goes to the corrupt middleman rather than the poor farmer.
The recent auction of 3G spectrum would add some Rs 55,000 crores to the Government kitty. On top of that, TRAI is tweaking rules for 2G spectrum, wanting an additional fee for those having more than 6.2 MHz, and seeking to cap spectrum with any one operator at 8 MHz. This is highly contentious. The Government would, if this is cleared, get another Rs 35,000 crores. TRAI has also recommended sharing of spectrum but not its trading, which seems asinine. Spectrum is a scarce resource, and a key to the success of a telco. In order to cater to peak demand, telcos must, logically, have more spectrum than they need on average. When not needed, the excess spectrum can, and must, be traded. It is ludicrous to say it ought not to be! Allowing its trade would benefit consumers, as it would provide a revenue stream for telcos and would reduce the propensity to hoard it. Hence the proposal to ban trading, and to charge fees for 'excess' spectrum indicates that the Government wants to kill this golden goose, and puts its own interest to raise funds above the interest of consumers and of efficient operators.
In fact, the countries which have the most advanced wireless networks are those, such as Taiwan, which have given spectrum for free, in the interest of consumers and in the interest of driving economic growth through use of available technologies.
It is this kind of ill thought out quest for funds, by the Government, that should concern investors investing in India. This, and the senseless interference in management of their own companies. Witness the fact that BSNL and now, MTNL (it declared a quarterly loss of Rs 1574 crores) are the only two telcos which are bleeding. Similarly, Air India has organisational colitis and continues to bleed losses. The Government plans infusing Rs 1200 crores equity into it. Why? It should simply be sold to the highest bidder from the private sector, with freedom to downsize it.
by J Mulraj
At thirty-five, Sikkim cannot pass as a child anymore: Governor
GANGTOK, May 15: Governor BP Singh has called upon the Sikkimese people to renew the pledge towards the rich ideals of democracy and vow never to allow for its subversion by any individual or party.
“May 16 is the day when we should renew our pledge towards the rich ideals of democracy and vow never to allow for its subversion by any individual and party. It is also a fitting day to pay tribute to all those who were directly and indirectly involved in this era of transition that ushered in democracy and constitutional Government”, said the Governor in his State Day message.
Extending his good wishes to Sikkimese people on the occasion of 35th State Day celebrations, the Governor reminded all that it was on May 16, thirty five years ago when the people had made a choice which now has a direct bearing on them and the future generations of Sikkim.
“The rich dividends of that wise choice came in the form of free and fair elections, freedom of speech and, last but not the least, the freedom of opportunity”, said Singh.
“The fact that this march towards democracy was a peaceful one bears testimony to the fact that the people of Sikkim fully understood the gains of democracy, which, in all its over three decades of establishment, has not failed them”, the Governor said.
The Governor pointed out that ushering in democracy cannot alone guarantee progress and development for the people of the State.
“At thirty-five, Sikkim cannot pass as a child anymore. A mature approach towards education, environment and employment is expected to secure a better future for the present and coming generations of Sikkimese”, said the Governor.
SOURCE; SIKKIM EXPRESS
GANGTOK, May 15: Governor BP Singh has called upon the Sikkimese people to renew the pledge towards the rich ideals of democracy and vow never to allow for its subversion by any individual or party.
“May 16 is the day when we should renew our pledge towards the rich ideals of democracy and vow never to allow for its subversion by any individual and party. It is also a fitting day to pay tribute to all those who were directly and indirectly involved in this era of transition that ushered in democracy and constitutional Government”, said the Governor in his State Day message.
Extending his good wishes to Sikkimese people on the occasion of 35th State Day celebrations, the Governor reminded all that it was on May 16, thirty five years ago when the people had made a choice which now has a direct bearing on them and the future generations of Sikkim.
“The rich dividends of that wise choice came in the form of free and fair elections, freedom of speech and, last but not the least, the freedom of opportunity”, said Singh.
“The fact that this march towards democracy was a peaceful one bears testimony to the fact that the people of Sikkim fully understood the gains of democracy, which, in all its over three decades of establishment, has not failed them”, the Governor said.
The Governor pointed out that ushering in democracy cannot alone guarantee progress and development for the people of the State.
“At thirty-five, Sikkim cannot pass as a child anymore. A mature approach towards education, environment and employment is expected to secure a better future for the present and coming generations of Sikkimese”, said the Governor.
SOURCE; SIKKIM EXPRESS
SIKKIM - 35TH STATE DAY- 16 MAY 2010
Nationally, we are called the happening State: CM
GANGTOK, May 15: Chief Minister Pawan Chamling has attributed the clean sweep in the municipal polls to the capacity of the Sikkim Democratic Front (SDF) government to deliver people-centric welfare measures.
“As usual, the verdict of the people has been received recording 100 percent win for Sikkim Democratic Front. This mirrors our sacred testimony for good works to deliver people-centric welfare measures”, said the Chief Minister in his State Day address to the Sikkimese people.
Extending his congratulations to the officer bearers of the three-tier municipal body of Sikkim, Chamling expressed his confidence that the municipal elected bodies will stand shoulder to shoulder in the State government’s task of further development of the State and the nation.
“Here I take the opportunity to thank the people who have reposed confidence in our work with each increased mandate beginning 12th December, 1994 to the last total mandate conferred on us which we hold in our sanctum sanctorum of our SDF party and its government”.
In his address on the occasion of the 35th State Day, the Chief Minister said that the Sikkimese people have progressed by leaps and bounds. As much as our country has provided for our State, Sikkim and the Sikkimese people have equally contributed towards national security, integrity, peace and tranquility of our nation, he said. He also paid rich tributes to those leaders and the people responsible for ensuring a safe future for Sikkim and citizens under the democratic dispensation.
Introspecting on the past terms, Chamling reminded that the first thing the SDF party did after coming to power was framing both the short-term and long-term strategies for the overall development of the State. “Our strength of rich natural resources formed the basis of the long-term planning which included projects such as power generation, promotion of eco-tourism, promotion of horticulture, floricultural products and promotion of small scale industries”, he said.
The Chief Minister also highlighted steps taken for empowering the weaker sections of the Sikkimese society. “The State government has adopted a two-pronged strategy to achieve its goal of an equitable society. The first strategy has been to accord preferential treatment to the weaker sections and reservation to women and members of STs/SCs/OBCs and MBCs in all government grants and government employment. Second strategy is to generate mass awareness on health, hygiene, education and other socially and culturally relevant programs in order to empower the less privileged section of the people”, he said.
Chamling further pointed out that access to quality health and widespread educational facilities have made a lot of difference in the socio-cultural composition of the Sikkimese people. He also focused on the need to devise ways and means to diversify livelihood options for the Sikkimese people with the population in the State having a high percentage of youth.
“Therefore, in addition to the Directorate of Capacity Building, we also started the Institute of Capacity Building to further expand the scope of creating more job opportunities and prepare our youths for more job opportunities across board, both within and outside the State”, said Chamling. He also expressed his happiness on the achievements of two Sikkimese youth, Karma Rinchen Bonpo and Mingyur Yonzon who had successfully passed UPSC this year.
“As we go ahead, the SDF Government will be introducing more innovative and progressive policy interventions to face any challenges thrown by the new century”, promised Chamling.
“There is no denying the facts of our best practices eco tourism, in environment
management and clean and green ecology, and of course, the best hospitable Sikkimese people supporting us. Nationally, we are called the happening State”, said the Chief Minister.
GANGTOK, May 15: Chief Minister Pawan Chamling has attributed the clean sweep in the municipal polls to the capacity of the Sikkim Democratic Front (SDF) government to deliver people-centric welfare measures.
“As usual, the verdict of the people has been received recording 100 percent win for Sikkim Democratic Front. This mirrors our sacred testimony for good works to deliver people-centric welfare measures”, said the Chief Minister in his State Day address to the Sikkimese people.
Extending his congratulations to the officer bearers of the three-tier municipal body of Sikkim, Chamling expressed his confidence that the municipal elected bodies will stand shoulder to shoulder in the State government’s task of further development of the State and the nation.
“Here I take the opportunity to thank the people who have reposed confidence in our work with each increased mandate beginning 12th December, 1994 to the last total mandate conferred on us which we hold in our sanctum sanctorum of our SDF party and its government”.
In his address on the occasion of the 35th State Day, the Chief Minister said that the Sikkimese people have progressed by leaps and bounds. As much as our country has provided for our State, Sikkim and the Sikkimese people have equally contributed towards national security, integrity, peace and tranquility of our nation, he said. He also paid rich tributes to those leaders and the people responsible for ensuring a safe future for Sikkim and citizens under the democratic dispensation.
Introspecting on the past terms, Chamling reminded that the first thing the SDF party did after coming to power was framing both the short-term and long-term strategies for the overall development of the State. “Our strength of rich natural resources formed the basis of the long-term planning which included projects such as power generation, promotion of eco-tourism, promotion of horticulture, floricultural products and promotion of small scale industries”, he said.
The Chief Minister also highlighted steps taken for empowering the weaker sections of the Sikkimese society. “The State government has adopted a two-pronged strategy to achieve its goal of an equitable society. The first strategy has been to accord preferential treatment to the weaker sections and reservation to women and members of STs/SCs/OBCs and MBCs in all government grants and government employment. Second strategy is to generate mass awareness on health, hygiene, education and other socially and culturally relevant programs in order to empower the less privileged section of the people”, he said.
Chamling further pointed out that access to quality health and widespread educational facilities have made a lot of difference in the socio-cultural composition of the Sikkimese people. He also focused on the need to devise ways and means to diversify livelihood options for the Sikkimese people with the population in the State having a high percentage of youth.
“Therefore, in addition to the Directorate of Capacity Building, we also started the Institute of Capacity Building to further expand the scope of creating more job opportunities and prepare our youths for more job opportunities across board, both within and outside the State”, said Chamling. He also expressed his happiness on the achievements of two Sikkimese youth, Karma Rinchen Bonpo and Mingyur Yonzon who had successfully passed UPSC this year.
“As we go ahead, the SDF Government will be introducing more innovative and progressive policy interventions to face any challenges thrown by the new century”, promised Chamling.
“There is no denying the facts of our best practices eco tourism, in environment
management and clean and green ecology, and of course, the best hospitable Sikkimese people supporting us. Nationally, we are called the happening State”, said the Chief Minister.
Mechanism that leads to brain maturation found
ANI
The brain cells in the brain of a newborn are loosely interconnected; they are able to operate as interactive neural networks only later.
A mechanism in the memory centre of a newborn that adjusts the maturation of the brain for information processing required later in life has been found by researchers at the University of Helsinki.
The study was published this week in an American science magazine The Journal of Neuroscience.
The brain cells in the brain of a newborn are still quite loosely interconnected. In chaos, they look for contact with each other and are able to operate as interactive neural networks only later.
Many cognitive operations, such as attention, memory, learning and certain states of sleep are based on rhythmic interactions of neural networks. For a long time, researchers have been interested in finding the stage in the development of the brain in which the functional characteristics and interconnections are sufficiently developed for these subtle brain functions.
Key players in this maturation process include a type of nerve cells called interneurones. Recent research sheds light on their functional development. The researchers have noticed that the activeness of the interneurones change dramatically during early development. In the memory centre of the brain, they found a mechanism which adjusts changes in the activeness of interneurones.
The interneurones nerve cells are kind of controller cells. In the nervous system of a newborn they promote the creation of nerve cell contacts, and on the other hand they prevent premature rhythmic activity of neural networks. During development, its role of controlling will change, and the result is that the neural network becomes more efficiently rhythmic. This can be seen, for example, in the strengthening of the EEG signal during sleep.
The mechanism adjusting the activity of the interneurones is related to the development phase which prepares the brain to process and handle information needed later in life. The finding may also offer more detailed means to intervene in the electric disorders of developing neural networks, such as epilepsy.
SOURCE: HINDU
ANI
The brain cells in the brain of a newborn are loosely interconnected; they are able to operate as interactive neural networks only later.
A mechanism in the memory centre of a newborn that adjusts the maturation of the brain for information processing required later in life has been found by researchers at the University of Helsinki.
The study was published this week in an American science magazine The Journal of Neuroscience.
The brain cells in the brain of a newborn are still quite loosely interconnected. In chaos, they look for contact with each other and are able to operate as interactive neural networks only later.
Many cognitive operations, such as attention, memory, learning and certain states of sleep are based on rhythmic interactions of neural networks. For a long time, researchers have been interested in finding the stage in the development of the brain in which the functional characteristics and interconnections are sufficiently developed for these subtle brain functions.
Key players in this maturation process include a type of nerve cells called interneurones. Recent research sheds light on their functional development. The researchers have noticed that the activeness of the interneurones change dramatically during early development. In the memory centre of the brain, they found a mechanism which adjusts changes in the activeness of interneurones.
The interneurones nerve cells are kind of controller cells. In the nervous system of a newborn they promote the creation of nerve cell contacts, and on the other hand they prevent premature rhythmic activity of neural networks. During development, its role of controlling will change, and the result is that the neural network becomes more efficiently rhythmic. This can be seen, for example, in the strengthening of the EEG signal during sleep.
The mechanism adjusting the activity of the interneurones is related to the development phase which prepares the brain to process and handle information needed later in life. The finding may also offer more detailed means to intervene in the electric disorders of developing neural networks, such as epilepsy.
SOURCE: HINDU
CONGRATS RATAN TATA
Ratan Tata honoured with Global Indian award
India’s top industrialist and Chairman of the Tata Group, Ratan Tata has received the 2010 CIF Chanchlani Global Indian Award for his outstanding global leadership, vision and professional excellence.
The award which carries USD 225,000 (Rs One Crore) and citation was presented at the Annual Award Gala of Canada India Foundation, held in Vancouver Barj Dhahan, Gala Chair and Co—Chair of Canada India Foundation said.
Mr. Ratan Tata joined India’s largest business conglomerate in 1962 and in 1991 replaced his predecessor JRD Tata, as Chairman of Tata Sons.
Since then, the Group’s revenues have increased 12—fold.
Recent acquisitions under Tata’s guidance include Jaguar and Land Rover from Ford Motor Company and Corus Group, an Anglo—Dutch steel producer.
Mr. Tata was honoured with the Padma Vibhushan, India’s second—highest civilian award in 2008.
His dream of manufacturing a low—cost and environmentally friendly car that more people in India could afford to drive was realised when the Tata Nano, also known as ‘the People’s Car’, with an end—user cost of only USD 2,500, went into production last year and has since received world—wide acclaim.
Canada India Foundation created the CIF Chanchlani Global Indian Award to recognise individuals who have demonstrated global leadership, vision and professional excellence, which has made people of Indian origin around the globe proud of their heritage.
India’s top industrialist and Chairman of the Tata Group, Ratan Tata has received the 2010 CIF Chanchlani Global Indian Award for his outstanding global leadership, vision and professional excellence.
The award which carries USD 225,000 (Rs One Crore) and citation was presented at the Annual Award Gala of Canada India Foundation, held in Vancouver Barj Dhahan, Gala Chair and Co—Chair of Canada India Foundation said.
Mr. Ratan Tata joined India’s largest business conglomerate in 1962 and in 1991 replaced his predecessor JRD Tata, as Chairman of Tata Sons.
Since then, the Group’s revenues have increased 12—fold.
Recent acquisitions under Tata’s guidance include Jaguar and Land Rover from Ford Motor Company and Corus Group, an Anglo—Dutch steel producer.
Mr. Tata was honoured with the Padma Vibhushan, India’s second—highest civilian award in 2008.
His dream of manufacturing a low—cost and environmentally friendly car that more people in India could afford to drive was realised when the Tata Nano, also known as ‘the People’s Car’, with an end—user cost of only USD 2,500, went into production last year and has since received world—wide acclaim.
Canada India Foundation created the CIF Chanchlani Global Indian Award to recognise individuals who have demonstrated global leadership, vision and professional excellence, which has made people of Indian origin around the globe proud of their heritage.
SHAME FOR INDIAN RAILWAYS NEW DELHI SECTOR
Two killed in stampede at New Delhi Railway Station
PTI
Defence personnel seen between platform No. 12 and 13, where the stampede took place at New Delhi Railway Station on Sunday.
Two persons were today killed and at least 15 passengers injured when a last minute change of platform for a Patna-bound train triggered a stampede at the New Delhi Railway Station, facing summer rush.
The stampede was triggered at around 2:50 p.m. as soon as the Bihar Sampark Kranti Express arrived on the Platform No 12. The train was scheduled to depart from Platform No 13.
However, the platform was changed minutes before departure.
Passengers pushed and jostled to move to Platform No 12 with their baggage which resulted in a stampede-like situation, officials said.
A woman and a child were killed in the stampede.
Around 15 people suffered injuries, fire brigade officials said.
“There were a lot of people on the platform to catch the train. The last minute change in the platform resulted in the stampede,” an official said.
Police received a call about the incident at around 2:50 PM and activated the rescue operation mechanism.
The Delhi Disaster Management Authority (DDMA) had said in a text message that police had reported to it about the stampede in the railway station in which “few people” were injured.
PTI
Defence personnel seen between platform No. 12 and 13, where the stampede took place at New Delhi Railway Station on Sunday.
Two persons were today killed and at least 15 passengers injured when a last minute change of platform for a Patna-bound train triggered a stampede at the New Delhi Railway Station, facing summer rush.
The stampede was triggered at around 2:50 p.m. as soon as the Bihar Sampark Kranti Express arrived on the Platform No 12. The train was scheduled to depart from Platform No 13.
However, the platform was changed minutes before departure.
Passengers pushed and jostled to move to Platform No 12 with their baggage which resulted in a stampede-like situation, officials said.
A woman and a child were killed in the stampede.
Around 15 people suffered injuries, fire brigade officials said.
“There were a lot of people on the platform to catch the train. The last minute change in the platform resulted in the stampede,” an official said.
Police received a call about the incident at around 2:50 PM and activated the rescue operation mechanism.
The Delhi Disaster Management Authority (DDMA) had said in a text message that police had reported to it about the stampede in the railway station in which “few people” were injured.
IMA opposes Centre's decision on MCI
The Indian Medical Association (IMA) has strongly opposed the Centre's decision to dissolve the Medical Council of India (MCI).
“We strongly feel that the autonomy of the Council should be maintained and it should not be dissolved at any cost. It has been the resolve of the government to retain the autonomy of all institutions of higher learning and professional education.
“This step is contradictory to their past decision. We urge the Prime Minister not to dissolve the autonomy of the Council and rather take corrective measures in this regard,'' said member of the Association Vinay Aggarwal while addressing a press conference on Saturday.
An IMA release said:
“The Council is an expert body which is created through a parliamentary enactment titled Indian Medical Council Act –1956 which is autonomous in character, entrusted with the task of setting, maintaining and monitoring the standards of medical education in the country.
“The government should not think of dissolving the body because of the charges of corruption on one person. It seems to be a decision made in haste.
The Indian Medical Association (IMA) has strongly opposed the Centre's decision to dissolve the Medical Council of India (MCI).
“We strongly feel that the autonomy of the Council should be maintained and it should not be dissolved at any cost. It has been the resolve of the government to retain the autonomy of all institutions of higher learning and professional education.
“This step is contradictory to their past decision. We urge the Prime Minister not to dissolve the autonomy of the Council and rather take corrective measures in this regard,'' said member of the Association Vinay Aggarwal while addressing a press conference on Saturday.
An IMA release said:
“The Council is an expert body which is created through a parliamentary enactment titled Indian Medical Council Act –1956 which is autonomous in character, entrusted with the task of setting, maintaining and monitoring the standards of medical education in the country.
“The government should not think of dissolving the body because of the charges of corruption on one person. It seems to be a decision made in haste.
Alstom wins Jorethang Loop hydropower plant equipment contract
LEVALLOIS-PERRET, France 5/14/10 (PennWell) -- Alstom has been awarded a contract worth EUR18 million (US$22.5 million) from Dans Energy for the 96-MW Jorethang Loop hydropower project in Sikkim, India.
The order entails end-to-end manufacturing of equipment at Alstom Projects India's Vadodara facility in Gujarat state. The contract includes supply, installation, testing and commissioning of electro-mechanical equipment for the hydro plant's two 48-MW units.
The Jorethang Loop hydropower project will be based at the city of Jorethang on the bank of the river Rangeet, a tributary of the river Teesta, the state's largest river
LEVALLOIS-PERRET, France 5/14/10 (PennWell) -- Alstom has been awarded a contract worth EUR18 million (US$22.5 million) from Dans Energy for the 96-MW Jorethang Loop hydropower project in Sikkim, India.
The order entails end-to-end manufacturing of equipment at Alstom Projects India's Vadodara facility in Gujarat state. The contract includes supply, installation, testing and commissioning of electro-mechanical equipment for the hydro plant's two 48-MW units.
The Jorethang Loop hydropower project will be based at the city of Jorethang on the bank of the river Rangeet, a tributary of the river Teesta, the state's largest river
Sikkim tourism season cut short by bandh series
Wait and watch policy over NH 31A movement
source;voice of sikkim
GANGTOK, May 14: The bumper tourism season which Sikkim is presently harvesting is feared to have come to a premature end with political disturbances flaring up once again in the neighbouring Darjeeling and Siliguri-Dooars region.
A series of bandhs riding mainly on Gorkhaland issue started in neighbouring region from today till May 16 with Sikkim firmly caught in the middle. The woes of this landlocked State will continue in June also with the Gorkha Janmukti Morcha (GJM) calling a 10-day strike from June 12 to June 21.
This lengthy bandh call has all but ended the tourism season for both Darjeeling and Sikkim, said the tour operators here.
Sikkim is presently enjoying a bumper season with almost all the 600 small and large hotels in Gangtok and tourism packages booked continuously till June 31, said Travel Agents Association of Sikkim (TAAS) general secretary Lukendra Rasaily.
With hundreds of tourists who had completed their stay here leaving to Siliguri today, tour operators here are confident that remaining tourists and new arrival will be not facing major problems during their stay in Gangtok on May 15 and 16, the tour operators are more worried about the upcoming ten days strike in the hills in June.
At the same time, upcoming tourism footfalls here has been affected with the news of present and upcoming bandh calls spreading across the country.
Sikkim Tourism Industry reesl on bad days
Political disturbances have again flared up in the neighbouring region and Sikkim will be again choked as anything can happen during the series of bandh, the tour operators said. The bandh call in June for ten days has brought a premature end to the tourism season for both Sikkim and Darjeeling, they said.
“There have been some immediate impacts as a percentage of tourists have started contacting tour operators here and some have cancelled their trips. But the upcoming ten days strike in neighbouring Darjeeling hills is most worrying factor here”, said the tour operators.
The TAAS general secretary said that if the lengthy bandh does take place, the foreign tourists would be most affected as they have connecting flights to take and reach their home countries.
“Tourists are also contacting the tour operators seeking a diversion or postponement. Diversion of tourists is very difficult as we have limited places as far as Sikkim and Darjeeling region is concerned”, said Rasaily. Northeast region is very far and Nepal is also disturbed, he said.
District Collector (East) D Anandan said that he spoke to his Darjeeling counterpart over the bandh called by 48 hours strike called by GJM.
“The Darjeeling DM told me that the NH 31A will remain open during the two day strike. I was told that the highway was out of purview of the strike”, said Anandan.
What actually happen in the ground, we have to wait and observe tomorrow, he added.
We will also be in constant touch with the Darjeeling administration over the status of the national highway during the bandh period, said Anandan.
Despite an appeal made by a NGO based in the West Bengal region of NH 31A to the drivers to keep off the highway during the bandh period, officials here are of the belief that the NH 31A here will remain unaffected since the GJM has not declared the highway will be closed.
“We have to wait and watch”, said the officials.
Meanwhile, hundreds of tourists from Gangtok left for Siliguri today early morning in taxi vehicles in order to escape the series of bandh starting from today in the hills and plains.
Though there was a strike called in Siliguri, the tourists started moving out of Gangtok since 5 am in the morning up to Salugara.
Six SNT buses left for Siliguri today with tourists.
Taxi drivers here told media that they have briefed the tourists about the situation in the Siliguri and that they will be dropped at Salugara. Around 100 taxis left from Gangtok since morning to Salugara, the drivers said.
Most of the tourists were those who had completed their stay in Gangtok.
However, the drivers here in Sikkim are not very sure about traveling along the NH 31A on May 15 and 16. We have to observe the situation tomorrow but we will not be issuing tickets from the counter here, said the mainline taxi counter here at Deorali.
The strategy of ‘wait and watch’, however, depends on whether taxi and truck drivers are willing to ply along the 114 kms NH 31A, a major part of which falls under the Kalimpong subdivision of Darjeeling district.
Despite the Supreme Court directives that NH 31A should be kept free from disturbances, the general feeling here among the taxi drivers is to remain off the highway during the strike so as to evade trouble.
Their fears stem from the incident of February 18 earlier this year when four vehicles had been vandalized by unidentified group along the NH31A between Tarkhola and Coronation bridge, a day when the GJM had called a general strike in the hills.
Wait and watch policy over NH 31A movement
source;voice of sikkim
GANGTOK, May 14: The bumper tourism season which Sikkim is presently harvesting is feared to have come to a premature end with political disturbances flaring up once again in the neighbouring Darjeeling and Siliguri-Dooars region.
A series of bandhs riding mainly on Gorkhaland issue started in neighbouring region from today till May 16 with Sikkim firmly caught in the middle. The woes of this landlocked State will continue in June also with the Gorkha Janmukti Morcha (GJM) calling a 10-day strike from June 12 to June 21.
This lengthy bandh call has all but ended the tourism season for both Darjeeling and Sikkim, said the tour operators here.
Sikkim is presently enjoying a bumper season with almost all the 600 small and large hotels in Gangtok and tourism packages booked continuously till June 31, said Travel Agents Association of Sikkim (TAAS) general secretary Lukendra Rasaily.
With hundreds of tourists who had completed their stay here leaving to Siliguri today, tour operators here are confident that remaining tourists and new arrival will be not facing major problems during their stay in Gangtok on May 15 and 16, the tour operators are more worried about the upcoming ten days strike in the hills in June.
At the same time, upcoming tourism footfalls here has been affected with the news of present and upcoming bandh calls spreading across the country.
Sikkim Tourism Industry reesl on bad days
Political disturbances have again flared up in the neighbouring region and Sikkim will be again choked as anything can happen during the series of bandh, the tour operators said. The bandh call in June for ten days has brought a premature end to the tourism season for both Sikkim and Darjeeling, they said.
“There have been some immediate impacts as a percentage of tourists have started contacting tour operators here and some have cancelled their trips. But the upcoming ten days strike in neighbouring Darjeeling hills is most worrying factor here”, said the tour operators.
The TAAS general secretary said that if the lengthy bandh does take place, the foreign tourists would be most affected as they have connecting flights to take and reach their home countries.
“Tourists are also contacting the tour operators seeking a diversion or postponement. Diversion of tourists is very difficult as we have limited places as far as Sikkim and Darjeeling region is concerned”, said Rasaily. Northeast region is very far and Nepal is also disturbed, he said.
District Collector (East) D Anandan said that he spoke to his Darjeeling counterpart over the bandh called by 48 hours strike called by GJM.
“The Darjeeling DM told me that the NH 31A will remain open during the two day strike. I was told that the highway was out of purview of the strike”, said Anandan.
What actually happen in the ground, we have to wait and observe tomorrow, he added.
We will also be in constant touch with the Darjeeling administration over the status of the national highway during the bandh period, said Anandan.
Despite an appeal made by a NGO based in the West Bengal region of NH 31A to the drivers to keep off the highway during the bandh period, officials here are of the belief that the NH 31A here will remain unaffected since the GJM has not declared the highway will be closed.
“We have to wait and watch”, said the officials.
Meanwhile, hundreds of tourists from Gangtok left for Siliguri today early morning in taxi vehicles in order to escape the series of bandh starting from today in the hills and plains.
Though there was a strike called in Siliguri, the tourists started moving out of Gangtok since 5 am in the morning up to Salugara.
Six SNT buses left for Siliguri today with tourists.
Taxi drivers here told media that they have briefed the tourists about the situation in the Siliguri and that they will be dropped at Salugara. Around 100 taxis left from Gangtok since morning to Salugara, the drivers said.
Most of the tourists were those who had completed their stay in Gangtok.
However, the drivers here in Sikkim are not very sure about traveling along the NH 31A on May 15 and 16. We have to observe the situation tomorrow but we will not be issuing tickets from the counter here, said the mainline taxi counter here at Deorali.
The strategy of ‘wait and watch’, however, depends on whether taxi and truck drivers are willing to ply along the 114 kms NH 31A, a major part of which falls under the Kalimpong subdivision of Darjeeling district.
Despite the Supreme Court directives that NH 31A should be kept free from disturbances, the general feeling here among the taxi drivers is to remain off the highway during the strike so as to evade trouble.
Their fears stem from the incident of February 18 earlier this year when four vehicles had been vandalized by unidentified group along the NH31A between Tarkhola and Coronation bridge, a day when the GJM had called a general strike in the hills.
State Govt gears up for State Action Plan on Climate Change
GANGTOK, May 14 (IPR): A brainstorming workshop was organized by the State Government for preparation of State Action Plan on Climate Change on Sikkim in collaboration with German Technical Cooperation (GTZ) here at Chintan Bhawan on May 14.
The Chief Secretary TT Dorji, who chaired the workshop in his opening remarks expressed gratitude to GTZ for supporting this important workshop and said that the State Government is keen to take up appropriate action oriented programmes so that the damages due to adverse effect of climate change to the lives and property are minimized.
Sikkim, he said, has a long history and tradition of following the path of sustainable development and has always remained proactive for taking various measures for environmental protection.
“There is a need for enhancing the effort for taking programmes for augmenting drinking water availability both in urban and rural areas during lean season,” he said adding “special emphasis need to be given for rain shadow areas of drier belt in South and West Sikkim.”
Mr Dorji further stressed on the need to strengthen the programme of Spring Water Recharge or Dhara Vikas and stream water storage and developing of irrigation channel in drier belt areas. “The State Pollution Control Board should ensure quality of river water while the industries coming up in the state should fully treat effluents before discharging in rivers and streams,” he added.
The Chief Secretary laid emphasis on drought hardy traditional crops and plantation of fruit trees which are more resilient to climate change. He further informed that the Government of India has already formed a National Action Plan on Climate Change and Eight National Missions has been envisaged in various fields. Sikkim, he added, should take maximum advantage of financial resources which will be available in future though these Eight Missions.
He hoped that during the two days of Brainstorming Session various priority areas would be concretized for taking programmes for climate change Adaptation.
Thereafter, the workshop was addressed by Vera Scholz, NRM Programme Director, GTZ. She was impressed with the work initiated by the Government of Sikkim in the field of Climate Change and said that Sikkim may be the first state among the Himalayan states to have a State Level Action Plan on Climate Change.
During the course of the programme, a thematic presentation was made by Nitasha Sharma, IISc, Bangalore while Ravindra Singh of GTZ made a power point presentation on Climate Change adaptation in the north east.
Sandeep Tambe of RMDD and Sanjay Tomar of GTZ proposed a framework for preparing SAPCC and Mr Dhrupad Chowdhary of ICIMOD made spoke on Climate change impacts in the eastern Himalayas and was followed by interactive session..
Earlier, the welcome address was delivered by ML Arrawatia, Secretary, State Science and Technology Department.
On May 15, the wrap up session of thematic group work will be held under the chairmanship of Additional Chief Secretary, Government of Sikkim, Karma Gyatso.
GANGTOK, May 14 (IPR): A brainstorming workshop was organized by the State Government for preparation of State Action Plan on Climate Change on Sikkim in collaboration with German Technical Cooperation (GTZ) here at Chintan Bhawan on May 14.
The Chief Secretary TT Dorji, who chaired the workshop in his opening remarks expressed gratitude to GTZ for supporting this important workshop and said that the State Government is keen to take up appropriate action oriented programmes so that the damages due to adverse effect of climate change to the lives and property are minimized.
Sikkim, he said, has a long history and tradition of following the path of sustainable development and has always remained proactive for taking various measures for environmental protection.
“There is a need for enhancing the effort for taking programmes for augmenting drinking water availability both in urban and rural areas during lean season,” he said adding “special emphasis need to be given for rain shadow areas of drier belt in South and West Sikkim.”
Mr Dorji further stressed on the need to strengthen the programme of Spring Water Recharge or Dhara Vikas and stream water storage and developing of irrigation channel in drier belt areas. “The State Pollution Control Board should ensure quality of river water while the industries coming up in the state should fully treat effluents before discharging in rivers and streams,” he added.
The Chief Secretary laid emphasis on drought hardy traditional crops and plantation of fruit trees which are more resilient to climate change. He further informed that the Government of India has already formed a National Action Plan on Climate Change and Eight National Missions has been envisaged in various fields. Sikkim, he added, should take maximum advantage of financial resources which will be available in future though these Eight Missions.
He hoped that during the two days of Brainstorming Session various priority areas would be concretized for taking programmes for climate change Adaptation.
Thereafter, the workshop was addressed by Vera Scholz, NRM Programme Director, GTZ. She was impressed with the work initiated by the Government of Sikkim in the field of Climate Change and said that Sikkim may be the first state among the Himalayan states to have a State Level Action Plan on Climate Change.
During the course of the programme, a thematic presentation was made by Nitasha Sharma, IISc, Bangalore while Ravindra Singh of GTZ made a power point presentation on Climate Change adaptation in the north east.
Sandeep Tambe of RMDD and Sanjay Tomar of GTZ proposed a framework for preparing SAPCC and Mr Dhrupad Chowdhary of ICIMOD made spoke on Climate change impacts in the eastern Himalayas and was followed by interactive session..
Earlier, the welcome address was delivered by ML Arrawatia, Secretary, State Science and Technology Department.
On May 15, the wrap up session of thematic group work will be held under the chairmanship of Additional Chief Secretary, Government of Sikkim, Karma Gyatso.
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